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FRE 306- Global Food Markets Global Trade & the Developing World Dr. Nisha Malhotra-UBC Session Oct 4th, 06 Dan Badulescu (guest instructor) columbus@columbus-grp.com 604-6123986
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Global Trade & Developing World Global Trade & Agricultural Trade History: China, Phoenicians, Arabs, Portugal, Spain, England, Canada (HBC) What was/is being traded (bartered) ? Sugar, spices, tea, cotton, fur, silk, wool, wood, grain, cereals, coffee, fruit, tobacco, bananas, orange concentrate, vegetables, meat, milk, rubber, fish, seed
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Global Trade & Developing World Expeditions to raw materials, precious & foods Vikings -America before English, Spanish, French Trading common between indigenous groups Trade between colonies and capitals- competitiveness – e.g. England and Portugal XVIII (wool, machinery >< wine, tobacco) e.g. Central America and Europe/NA (bananas><chemicals)
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Global Trade & Developing World Global Trade: exponential growth in last 20 yrs. Main commodities traded Value of trade Trade blocs WTO-Gatt-Uruguay Round Agricultural trade vs. industrial or services Some drivers: communication, insurance, finance, exchanges, logistics, payment payment systems, affluence, standards, regulations
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Global Trade & Developing World Key concepts in trade (is globalization new?) Trade triggers development? What kind ? Slave trade followed sugar business Fur trade:the indigenous communities in Canada Canada – a country or a trading corporation? Oil trade and the current history in Middle East Trade brought the railway to the West of NA Panama Canal & global trade
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Global Trade & Developing World Trade vs. free trade – fair trade Trade blocks – NAFTA, EU, Asean, Africa, Mercosur, Caricom, CAFTA, FTAA Doha Agenda –Launched Nov 01 in Qatar, comprises wide range of topics: agriculture, development issues, trade in services, industrial tariffs, WTO rules and trade and environment. Progress has been uneven, talks to be concluded Jan 05
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Global Trade & Developing World Trends in trade Stakeholders? Citizens, women, farmers, kids, corporations, governments, global governance (UN) Who controls trade? Citizens, small & medium size enterprise (SME), global corporations (MNC) How is trade being controlled? Where is value being added? How to become competitive?
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Global Trade & Developing World
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